FHA
Active
28$375,000$15,618 equity gap
- Rate
- 6.16%
7.40%today- Payment
- $2,209/mo
$2,508today
- 3beds
- 2baths
- 1,949sqft
Assumable homes for sale in Memphis, TN
2 homesFHA loansrates from 5.25% vs 7.40% today
Memphis assumption guide
FHA
Active
21$440,000$85,205 equity gap
- Rate
- 5.25%
7.40%today- Payment
- $2,093/mo
$2,624today
- 4beds
- 4baths
- 3,634sqft
5680 N ANGELA RD, Memphis
Assuming a mortgage in Memphis
An assumable mortgage lets you buy the home and take over the seller’s existing FHA, VA or USDA loan—its rate, balance and remaining term included. Each listing above shows the existing rate and payment next to what the same loan would cost at today’s rates (about 7.40%), so you can see the saving before you tour.
- Lowest existing rate
- 5.25%
- Lowest existing payment
- $2,093 /mo
- Median cash to assume
- $50,412